People overlook a key detail about what happened when FriendTech exploded onto the scene. The ones who actually profited most? The traders—names like Cobie, Ansem, and Hsaka dominated the leaderboards. Here's the thing: token prices moved in lockstep with trading performance. The better you were at trading, the higher your share went. It was almost mechanical—profit potential directly translated to valuation. Everyone chased returns. Everyone wanted to be associated with winners. But that's also exactly why the whole thing eventually collapsed. The system was gaming itself. People weren't buying the product; they were buying the trader's track record. Once that narrative broke, there was nothing left underneath.
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FlashLoanLarry
· 4h ago
nah this is just value extraction with extra steps. the mev was always in the narrative, not the protocol. once you see the leaderboard as the actual product... everything clicks. cobie knew what he was doing fr
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GamefiHarvester
· 4h ago
Basically, it's just hot potato; no one really believes in that stuff.
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Tokenomics911
· 4h ago
At its core, it's still a Ponzi scheme. You're not really buying a product; you're just betting on the faces of those big players.
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Fren_Not_Food
· 4h ago
Friendtech is just a Ponzi scheme; I've seen through it long ago.
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MemeTokenGenius
· 4h ago
Basically, it's just a Ponzi scheme with nested layers, a story of later players taking over the previous waves.
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FundingMartyr
· 4h ago
Basically, it's just a hot potato game; no one really cares about the product itself.
People overlook a key detail about what happened when FriendTech exploded onto the scene. The ones who actually profited most? The traders—names like Cobie, Ansem, and Hsaka dominated the leaderboards. Here's the thing: token prices moved in lockstep with trading performance. The better you were at trading, the higher your share went. It was almost mechanical—profit potential directly translated to valuation. Everyone chased returns. Everyone wanted to be associated with winners. But that's also exactly why the whole thing eventually collapsed. The system was gaming itself. People weren't buying the product; they were buying the trader's track record. Once that narrative broke, there was nothing left underneath.